Groupon (NASDAQ:GRPN) Stock Price Expected to Rise, Ascendiant Capital Markets Analyst Says

Groupon (NASDAQ:GRPN) had its target price boosted by Ascendiant Capital Markets from $14.00 to $19.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the coupon company’s stock.

Separately, The Goldman Sachs Group boosted their price target on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

Groupon Stock Up 7.6 %

GRPN opened at $15.98 on Monday. The company has a fifty day moving average price of $11.64 and a 200-day moving average price of $11.08. The firm has a market capitalization of $636.18 million, a P/E ratio of 31.33 and a beta of 1.41. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon has a one year low of $7.75 and a one year high of $18.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in Groupon in the third quarter worth $442,000. State Street Corp grew its position in Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after acquiring an additional 114,400 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Groupon during the third quarter valued at about $814,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon during the fourth quarter valued at about $2,178,000. Finally, Stifel Financial Corp bought a new position in shares of Groupon during the third quarter valued at about $201,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Company Profile

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.